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Illinois Tool Works (ITW) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ITW Stock Forecast

Illinois Tool Works (ITW) stock forecast, based on 23 Wall Street analysts, predicts a 12-month average price target of $251.00, with a high of $252.00 and a low of $250.00. This represents a 8.42% increase from the last price of $231.50.

$230 $240 $250 $260 $270 $280 High: $252 Avg: $251 Low: $250 Last Closed Price: $231.5

ITW Stock Rating

Illinois Tool Works stock's rating consensus is Hold, based on 23 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (30.43%), 11 Hold (47.83%), 5 Sell (21.74%), and 0 Strong Sell (0.00%).

Hold
Total 23 0 5 11 7 Strong Sell Sell Hold Buy Strong Buy

ITW Price Target Upside V Benchmarks

TypeNameUpside
StockIllinois Tool Works8.42%
SectorIndustrials Stocks 28.19%
IndustryIndustrial Machinery Stocks24.83%

Price Target Trends

1M3M12M
# Anlaysts127
Avg Price Target$252.00$256.00$253.29
Last Closing Price$231.50$231.50$231.50
Upside/Downside8.86%10.58%9.41%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 2512143121
Mar, 2512143121
Feb, 2512134121
Jan, 2512134222
Dec, 2412124322
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 26, 2025Barclays$252.00$255.89-1.52%8.86%
Mar 10, 2025Julian MitchellBarclays$260.00$274.48-5.28%12.31%
Jan 07, 2025Joseph O'DeaWells Fargo$250.00$248.590.57%7.99%
Sep 10, 2024Jonathan SakraidaCFRA$250.00$247.570.98%7.99%
Jul 31, 2024Joseph O'DeaWells Fargo$236.00$249.34-5.35%1.94%
Jul 31, 2024Jamie CookTruist Financial$281.00$249.3412.70%21.38%
May 01, 2024Joseph O'DeaWells Fargo$244.00$244.11-0.05%5.40%
Apr 08, 2024Nigel CoeWolfe Research$250.00$262.94-4.92%7.99%
Mar 13, 2024Jamie CookTruist Financial$303.00$262.6715.35%30.89%
Oct 03, 2022Barclays$172.00$183.33-6.18%-25.70%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 07, 2025Wells FargoUnderweightUnderweighthold
Sep 10, 2024CFRAHoldupgrade
Jul 31, 2024Wells FargoUnderweightUnderweighthold
May 01, 2024Wells FargoUnderweightUnderweighthold
Apr 08, 2024CitigroupNeutralNeutralhold
Apr 02, 2024BarclaysUnderweightUnderweighthold
Feb 09, 2023UBSNeutralNeutralhold
Dec 15, 2022Goldman SachsNeutralNeutralhold
Oct 03, 2022BarclaysUnderweightUnderweighthold
Aug 15, 2022Deutsche BankHoldSelldowngrade

Financial Forecast

EPS Forecast

$6 $7 $8 $9 $10 $11 $12 $13 $14 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$6.66$8.55$9.80$9.77$11.78----
Avg Forecast$6.39$8.47$9.33$9.76$11.52$10.62$11.41$12.41$12.82
High Forecast$6.48$8.59$9.52$9.80$11.55$10.97$12.19$13.09$13.22
Low Forecast$6.27$8.31$9.15$9.68$11.45$10.35$10.89$11.90$12.40
Surprise %4.23%0.94%5.04%0.10%2.26%----

Revenue Forecast

$12B $13B $15B $16B $18B $19B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$12.57B$14.46B$15.93B$16.11B$15.90B----
Avg Forecast$12.42B$14.31B$15.85B$16.14B$15.95B$16.23B$16.86B$17.57B$18.06B
High Forecast$12.56B$14.47B$16.10B$16.17B$16.06B$16.40B$16.89B$17.64B$18.50B
Low Forecast$12.24B$14.11B$15.61B$16.09B$15.90B$15.88B$16.83B$17.50B$17.61B
Surprise %1.23%1.01%0.52%-0.19%-0.33%----

Net Income Forecast

$1B $2B $2B $3B $4B $5B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$2.11B$2.69B$3.03B$2.96B$3.49B----
Avg Forecast$1.75B$2.59B$2.68B$2.96B$3.49B$3.24B$3.33B$3.79B$3.89B
High Forecast$2.10B$3.11B$3.22B$3.55B$3.51B$3.33B$3.70B$3.98B$4.01B
Low Forecast$1.40B$2.07B$2.15B$2.37B$3.48B$3.14B$3.30B$3.61B$3.77B
Surprise %20.49%4.04%13.13%--0.11%----

ITW Forecast FAQ

Is Illinois Tool Works stock a buy?

Illinois Tool Works stock has a consensus rating of Hold, based on 23 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 11 Hold, 5 Sell, and 0 Strong Sell, reflecting a consensus that Illinois Tool Works is a neutral investment for most analysts.

What is Illinois Tool Works's price target?

Illinois Tool Works's price target, set by 23 Wall Street analysts, averages $251 over the next 12 months. The price target range spans from $250 at the low end to $252 at the high end, suggesting a potential 8.42% change from the previous closing price of $231.5.

How does Illinois Tool Works stock forecast compare to its benchmarks?

Illinois Tool Works's stock forecast shows a 8.42% upside, underperforming the average forecast for the industrials stocks sector (28.19%) and underperforming the industrial machinery stocks industry (24.83%).

What is the breakdown of analyst ratings for Illinois Tool Works over the past three months?

  • April 2025: 4.76% Strong Buy, 9.52% Buy, 66.67% Hold, 14.29% Sell, 4.76% Strong Sell.
  • March 2025: 4.76% Strong Buy, 9.52% Buy, 66.67% Hold, 14.29% Sell, 4.76% Strong Sell.
  • February 2025: 4.76% Strong Buy, 9.52% Buy, 61.90% Hold, 19.05% Sell, 4.76% Strong Sell.

What is Illinois Tool Works’s EPS forecast?

Illinois Tool Works's average annual EPS forecast for its fiscal year ending in December 2025 is $10.62, marking a -9.85% decrease from the reported $11.78 in 2024. Estimates for the following years are $11.41 in 2026, $12.41 in 2027, and $12.82 in 2028.

What is Illinois Tool Works’s revenue forecast?

Illinois Tool Works's average annual revenue forecast for its fiscal year ending in December 2025 is $16.23B, reflecting a 2.07% increase from the reported $15.9B in 2024. The forecast for 2026 is $16.86B, followed by $17.57B for 2027, and $18.06B for 2028.

What is Illinois Tool Works’s net income forecast?

Illinois Tool Works's net income forecast for the fiscal year ending in December 2025 stands at $3.24B, representing a -7.23% decrease from the reported $3.49B in 2024. Projections indicate $3.33B in 2026, $3.79B in 2027, and $3.89B in 2028.